TURKEY - Apr. 3 - Exchange Rate Fall.
Since the Central Bank introduced a system of auctioning limited amounts of foreign currency on March 29 (see last week's Recorder), the lira has lost 17% against the dollar (and 44% since the government was forced on Feb. 22 to abandon a pegged exchange rate). Fahran Shahzad, trader at...

RUSSIA - Feb. 1 - Berezovsky To Be Charged.
Deputy General Prosecutor Vassily Kolmogorov says: "The time will come" when he will have collected enough material to charge business tycoon Boris Berezovsky with corruption and seek his arrest with an international warrant. One case is alleged embezzlement of more than $900m from the state airline Aeroflot. His office...

ACCUMULATION VS. SOVEREIGNTY.
CURRENCY UNIFICATION AND THE SPREAD OF DOLLARISATION The headline of the Australian Financial Review of 13 September 2000 read `RBA backs currency union'. The Governor of the Reserve Bank of Australia has come out in support of Australia and New Zealand sharing a common currency. This followed...

TURKEY - March 20 - $2.1 Bn T-Bill Raised.
Ankara raises 2,189,300 bn lira ($2.1 bn) in a domestic treasury bill auction. It has received bids worth the equivalent of $7.5 bn for an offer of 98-day treasury bills, sold at a single price with a single annual yield of 124.99%. In Rome, finance ministers of the Group...

The hard truth of hard money: in our Republic's youth, presidential candidates openly debated central banking, and Andrew Jackson even won election as a "hard-money" advocate. Today's economic crisis requires a similar return to sound monetary policy.
An economic crisis struck America seemingly out of nowhere. The nation was firmly in the grasp of a sharp financial downturn. The citizenry was unsure of its cause, how seriously it would endanger the nation's future, and how long it would last. Fear and confusion spread while a select...

CNP Assurances and UniCredit: A Partnership Reinforced.
PARIS, November 28 /PRNewswire-FirstCall/ -- Going beyond their strict contractual obligations, CNP Assurances and UniCredit have decided upon a significant commercial initiative to assist those clients who invested in Index Linked contracts based on Lehman Brothers bonds. The Board of Directors of CNP UniCredit Vita, whose reference...

Standard & Poor's Affirms the Rating of CNP Assurances.
PARIS, November 25 /PRNewswire-FirstCall/ -- Standard & Poor's affirmed today the AA rating on CNP Assurances. This assessment is based on the Group's very strong competitive position and very strong long term financial flexibility. The outlook was changed by the rating agency from stable to negative, due...

GCC Moves To Ease Inter-Bank Lending Rates.
Saudi Arabia and the UAE last week led moves to cut soaring inter-bank lending rates. Riyadh and Abu Dhabi deposited $24 bn with local banks in a bid to improve on previous measures. The Saudi Arabian Monetary Authority (SAMA) on Oct. 20 deposited $5 bn, with half in Saudi...

Managing international financial instability; national tamers versus global tigers.
9781845421427 Managing international financial instability; national tamers versus global tigers. Saccomanni, Fabrizio. Edward Elgar Publishing 2008 284 pages $135.00 Hardcover HG226 In this revised and translated version of his 2002 book...

The Iceland Goeth.
Last year, the United Nations Human Development Index named Iceland the most developed country in the world. This year, like a South American banana republic or African kleptocracy, the North Atlantic island nation has had to turn to the International Monetary Fund for a rescue package--estimated at $6 billion,...